Goldco Review 2024: Ratings, Fees, Pros, Cons & More

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Goldco is an industry leader in direct purchases of gold and silver. They also specialize in precious metals IRAs like other best gold IRA companies.

Gold and other physical precious metals aren’t subject to market volatility making them great investment opportunities. At least 10.8% of the population in the United States actually own gold. Trades of more than $7 trillion are often made each year in the precious metals market.

There is nothing like investing in a tangible asset. In comparison, bitcoin or other cryptocurrencies may have a steady rise in value, but they can devalue fast and you’re more susceptible to losing your investments.

Gold, however, is actually expected to be worth between $1,700-$1,800 per ounce. This is leaving citizens wondering what gold is currently worth and what precious metals are worth spending the time to invest in.

The value of gold has proven itself over time, as has the value of silver and other precious metals, too. One of the best ways to invest in precious metals is through a company, like Goldco.

Let’s take a look of Goldco Precious Metals’ review, and see why this is the best way to go.

GoldCo Precious Metals Review: All You Need to Know

Not only is Goldco trusted throughout the United States as a great investment source, but the company also offers a variety of resources to help people get started with using precious metals to help supplement their retirement savings.

Goldco actually specializes in helping Americans diversify their 401(k)s and IRAs as well as protect those accounts. The same goes for retirement savings accounts. The company has been helping Americans secure proper retirement savings for more than 20 years, and they have helped protect more than $1 billion in savings for retirement.

Silver and gold are very popular investment options. The reason why they are so popular is that gold is a type of currency that’s accepted worldwide. The same thing goes for silver.

This company offers brokerage assistance for these fine metals and another way to think of them is as a reliable coin dealer.

What Services Do They Offer?

Goldco offers multiple services. As we mentioned, the umbrella of the company offers brokerage assistance. They offer the chance for investors to sell metals on the actual metal market.

Investors will also have the opportunity to take advantage of buybacks as well as withdraw funds from their IRA. What’s great about this precious metals company is that they offer a wide variety of services.

All of their customers qualify for at least 10% in free silver and there’s always free shipping. The company ensures its trust by offering the highest buyback prices as well. You’ll have the option to buy gold and silver and the company also offers an IRA for both types of metals.

Additionally, the platform due to what it offers, does its best to make silver and gold investments both simple and secure. Let’s take a closer look at the services they offer.

Buying Gold and Silver

If you don’t want to open a precious metals IRA, Goldco gives you other options as well. They still allow you to take advantage of the benefits that precious metals offer. This is one of the services that they offer investors because oftentimes, not everyone wants to purchase coins within their IRA.

Buying these coins outside of it can offer multiple advantages and still allow you to have high-quality safeguards in place. When you buy silver and gold alone on the platform, you will have the option to have your coins shipped to any depository of your choice. They also facilitate direct purchases of non-IRA precious metals delivered to your home.

Another great thing about this particular service is that free storage could be available to those who qualify for it. The company offers every precious metal product that becomes available to them while allowing buyback opportunities at the highest value.

Let’s take a closer look at some of these specific gold and silver coins the company has up for investment.

Gold IRA Coins

Gold American Eagle Type 1 and Type 2

These coins are also 2021 releases. They are both 22 karat gold and this particular coin is an official gold bullion coin of the United States. While they were first minted in 1986, up to 2021, the reverse featured an angel that was carrying an olive branch and flying over a nest. The reverse has a portrait of an eagle.

Their purity (0.9167 fine) rating, as well as their face value ($50), however, have remained the same, and yes, both of these options are IRA-eligible as well. Almost every piece that Goldco offers will be eligible for an IRA.

Gold Independence Hall

The company offers other types of gold as well, such as the gold Independence Hall coin that was valued by the New Zealand mint. It’s 99.99% pure gold and the reverse of the coin actually celebrates 246 years of independence in the United States since the signing of the Declaration of Independence in 1776.

This coin is quite special as it portrays a particular tribute to liberty and the celebration of American independence.

Other gold IRAs company offers are

Silver IRA Coins

Silver American Eagle Type 1 and Type 2

These pure silver coins and the silver American eagle that acts as the emblem on the coin are 2021 pieces. The US mint marks them from 1 ounce of .999 pure silver. What makes them different is that type two is an updated version of the silver American eagle that was released 35 years ago.

The design has changed and the reverse is completely brand new. Everything else stayed the same about this particular coin including its purity and its weight. Both are also IRA-eligible assets.

Silver Mayflower

This coin was struck by Bulmint and also pays a special tribute to the early settlers of the United States. It features freedom for people worldwide and also features the mayflower on the coin.

The front features Queen Elizabeth II. These coins are more than a significant investment. They make for great collector’s pieces as well as offering tangible asset opportunities.

Other silver IRAs company offers are

GoldCo Precious Metals Leadership

The founder of Goldco is Trevor Gerszt, who is also the CEO of the company. The company is a metal dealer that’s located in Los Angeles, California, and its focus has been on helping people build wealth that’s more long-term versus short-term.

The company features 65 employees and they also have an executive team of 11 key decision makers. Let’s meet some of the executive team.

• John Koehler; President of Sales and Marketing
• Brian Rooke; Vice President
• Jennifer Stearns; Vice President and General Counsel
• Sean Dozier; Vice President; Sales
• Adam Gardiner; Chief Creative Officer (CCO)

Other team members hold titles such as divisional vice president, General Manager, and Director. This executive team focuses on offering multiple metal coins and metals for investment in individual retirement accounts.

GoldCo Precious Metals Reviews

Goldco has positive customer reviews based on their service, dependability, and ethical business practices.

Better Business Bureau

Better Business Bureau (BBB) rated Goldco Precious Metals an A+ rating with 4.86 stars out of 5.

This rating comes from 285 total customer reviews.

Business Consumer Alliance Inc.

Business Consumer Alliance rates Goldco an AAA rating with a full five stars.

TrustLink

Trustlink have over 253 reviews of Goldco and give them a 4.8 star rating.

Trustpilot

The reviews on Trustpilot give Goldco a 4.9 out of 5 stars rating. This is based on 759 total reviews so far.

Google Reviews

The 864 Google reviews total 4.9 stars out of 5. You can read the individual reviews and see responses from Goldco to them.

ConsumerAffairs

At consumneraffairs.com they have a score of 4.8/5 from 820 customer reviews as of 8th August 2022

GoldCo Precious Metals Fees and Account Minimums

If you’re ready to start investing with Goldco, you’re probably wondering what the fees are for obtaining these precious metals as well as if any account minimums are required.

Goldco Precious Metals actually charge a one-time fee for your account setup. That fee is going to be $50. You also have to include a $30 fee for money wiring, but this is also a one-time cost.

So, in short, to get started with the company, there is a one-time $80 fee that covers the setup of your account and the ability to wire money.

After that, there is a total of $80 in annual maintenance.

The company works with all major IRA custodians that’re self-directed, and anyone that has ever earned a source of income is eligible for a precious metals IRA.

It’s also important to mention that there will be storge fees for precious metals.

A non-segregated yearly storage fee would come out to $100, but a segregated storage fee would cost a bit more, coming in at $150.

Regardless of the price, it’s fairly easy and affordable to get started with investing in precious metals with GoldCo.

What About the Account Minimums?

Now that you know a bit more about the fees associated with Goldco Precious Metals, you’re probably wondering about the minimum purchase prices as well as investment values.

Goldco’s a top-ranking company and it doesn’t take a lot of start-up capital to get your account set up and ready for your investment strategies. However, some minimum investment costs are associated with it. Keep in mind that after your initial investment, this account can become quite hands-off. 

The minimum investment price to get started with a precious metals IRA is $25,000 when you work with Goldco. There are some precious metal providers that charge double that just to get started. Even with the minimum prices, keep in mind that Goldco offers continuous customer service as well as a large variety of IRA-approved precious metal coins. 

In Goldco’s case, with every $25,000 you invest, the company will reimburse the annual storage fees associated with the account. Once you pass the $100,000 threshold in investment value, your storage fee will slightly rise but not by much as it will usually be $225. 

The company is very beginner friendly and there are also free storage options for any precious metals that you buy outside of an IRA.

What Makes GoldCo Precious Metals Unique

So, what makes Goldco Precious Metals unique and different from other precious metal investment companies? One of the top differences with Goldco is that the account setup is made to be straightforward for investors.

If help is needed for beginners, or even for investment experts, or long-term buyers, there are investment advisors that offer great customer service. The company offers free retirement resources as well as rollovers for your 401(k) and IRA. Those rollovers are also free, so you don’t have to worry about any additional fees.

The company also offers bonuses to first-time clients. This usually will consist of a fee waiver for your first year and not only that, you will get up to 10% back on any silver coin purchases. What makes the company stand out from the rest is that clear steps have been taken to make tangible asset investing more simple to understand for the everyday investor. 

GoldCo Precious Metals IRA Custodian Section

Goldco offers a better way to safeguard your finances for future use by increasing accessibility to gold and silver IRA opportunities. For example, if you decide to open a gold IRA, you can take advantage of the stability of this investment, and oftentimes gold IRAs outperform other investments.

Because the company thinks that it’s vital to include ownership of precious metals within your retirement savings strategy, they make funding self-directed IRAs very simple. The actual process only consists of three short steps, two if you already have opened your IRA.

Along with that, Goldco offers great growth potential when it comes to either IRA that you choose. The demand for these types of investments remains steady but because the supply of silver is expected to decline, you still have the opportunity to combine the expected increase of silver with your other investments.

Even though silver has jumped recently by 7%, you can still make sound investments around market value fluctuations. The company also offers investment opportunities that’re both tangible and transparent.

How to Get Started With GoldCo Precious Metals

Getting started with Goldco is pretty easy, and while a Goldco review can help to understand what it is, you might also want to know how you can get started. You can be up and running in three major steps. Overall, getting started will involve;

• Opening your IRA
• Funding the IRA
• Purchasing the precious metals of your choice

All this mainly consists of is filling out the application that you can find online. Usually, if you’re going to be opening an IRA, an expert on the metal that you chose will be in contact to help you with any other next steps. After opening your account, expert help, as well as free resources, are available to investors.

You can get started purchasing right away. If you already have an existing IRA, Goldco offers ways for you to convert it into a precious metals retirement account. This means that you can start something new, or convert what you already have.

Many people may also be concerned about any tax penalties that they may encounter if they do convert their conventional IRA, but this is what their expert staff is for.

Setting Up a Gold or Silver IRA Account With GoldCo Precious Metals

As we mentioned, getting set up with a gold or silver IRA is quite easy. There are only three steps to opening your gold IRA, and the process is the same, if not more simple if you prefer to do an account conversion. So, here’s how it works.

After opening your IRA, you will start to fund it. Upon opening your account, you will usually talk with a representative of the company that will help you navigate everything else. You have a choice to fund your precious metals IRA by rolling over any existing assets you already have.

As an example, if you have a TSP, savings account, or 403(b), all of those assets can be rolled over into your new silver or gold IRA. Keep in mind that you can do all of this without experiencing any complications with your taxes. Once you put funds into your IRA account, you can now start to purchase any precious metals that you like. 

Buyback Policy

Goldco knows that life doesn’t always go according to plan. Goldco offers Buyback guarantees at the highest prices for the precious metals that you own. Their buyback program’s meant to provide you with the highest prices.

If the process is at all confusing to follow, Goldco has specialists that help not only guide you through the process from start to finish, but can also help with buyback policy questions.

Shipping and Transit Policies

As we know, the shipping and transit offered by Goldco is an ideal process. Some may qualify for free storage, and every single package is fully insured for the value of the products that you purchased.

Keep in mind, though, that delivery of these products may require a signature. You might also want to know a bit more about the delivery process when you do purchase goods from Goldco. 

After the company receives confirmation of your funds in full payment, the company will usually ship the metals anywhere between 5 and 14 business days. This is mainly to ensure verification of proper funds.

In some cases, your metals may not get shipped for at least 45 business days, but this will mainly depend on fluctuations within the market as well as the availability of the coins that you want to buy. 

If you’re paying with a check, this payment option will usually require 12 days to be cleared by Goldco. You also want to keep in mind that this will not be added to the time it would take to process and then ship your purchase.

If your package is lost in transit or stolen, your goods are insured up to the overall purchase value and this is one of the reasons why Goldco deliveries are so trusted.

Pros and Cons of GoldCo Precious Metals

After learning more about the benefits of Goldco and the general advantages of Goldco, you might be wondering what the pros and cons look like next to each other.

The main benefit of this company is that they focus on simplicity, accessibility, and efficiency. Goldco makes navigating IRA and 401(k) rollovers simple to understand, and they help build long-term wealth. 

There are some downfalls of the company as well.

While there are a few downfalls to opening an IRA with Goldco, the benefits outweigh the cons. Goldco’s considered to be the best-endorsed company, and while other companies might offer their simple methods or their specific expertise, Goldco combines all of those features into one platform. 

They offer informative and useful support. They also offer expert-level expertise and they continue to offer easy-to-follow guidance.

Goldco Precious Metals vs. Competitors

GoldCo Precious Metals Review: Worth Your Investment?

If you’re wanting to know if Goldco is the company for you to work with in terms of obtaining silver and gold IRA options, consider what you want out of the investment process. Now that you have read the Goldco Precious Metals review, you probably have a better idea of not just what the company offers, but what is more appropriate for your financial standing. Goldco is a leading company in precious metals investments.

So, if you want a simple way to establish long-term wealth and build out your retirement savings account, request your free Goldco kit today.

Contact Goldco

21215 Burbank Blvd #600
Woodland Hills, CA 91367-7091
Phone number: 855-483-1677

FAQ – Goldco Precious Metals

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